Thomas Maxwell

[Axios @axios]

Why bonds are the most important market in the world https://t.co/fqomJJvIQi

[Carl Quintanilla @carlquintanilla]

The bond market is “a very unfair system.”

[Jeff Davies, the Energy OG @EnergyCredit1]

That damn unfair bond market

[Don Johnson @DonMiami3]

All the economists begging for Warsh to keep rates on hold in September is just beyond embarrassing

The Fed hasn’t hit its mandated 2% in 5 years… FIVE

Get your heads out of your rears

[JustDario @DarioCpx]

Ladies and gentlemen, I don't know if we fell into a new metaverse or what, but this type of news in the current environment isn't moving the oil price by an inch

Truly unbelievable times

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

SpaceX $SPCX traded 256 million shares yesterday.

The entire public float is 556 million.

So in one day, almost half of every tradable share changed hands. Bought and sold, over and over, in a few hours.

Here's why that number is absurd. SpaceX sold 555.6 million shares at $135 to raise $75 billion. That float is barely 4% of the company. Musk and insiders hold the other 96%, locked up and unable to sell.

Tiny supply. Enormous demand. Index funds that have to own it, retail that wants to, traders chasing the move.

The result is a $2 trillion company that trades like a penny stock. Up to $211 pre-market, swinging double-digit percentages between coffees.

This is what happens when you list 4% of the seventh-largest company in America and let the world fight over the scraps.

The price isn't telling you what SpaceX is worth.

It's telling you how few shares there are to buy.

[will.js @willoptions]

if this ends up badly I would not be surprised to see exchanges start enforcing minimum float requirements on large cap IPO's.

for ref, $SPCX is 4-5% shares tradeable, just tapped $3T fully diluted in overnight session ($135B tradeable).

10-20% float is common for other largecaps IPOs though it has been shrinking more recently.

all of this going into options becoming available tomorrow, giving insiders the opportunity to properly hedge/retail to pile into far otm calls. weird times!

[Lauren Hirsch @LaurenSHirsch]

Fee split on the largest IPO ever:

Goldman Sachs & Morgan Stanley: 20%
BofA, Citi, JPM: 15%

[The Great Martis @great_martis]

Sweet mother Mary of Nazareth.

It's begun!!

[Rudy Havenstein, Senior Markets Commentator. @RudyHavenstein]

Hey @AmericanAir, issue some shares if you need cash.

[Thomas Maxwell @thomasrmaxx]

@Nostre_damus Strait of Hormuz Toll Booth 4x Bull ETF

[Thomas Maxwell @thomasrmaxx]

@NickTimiraos they also represented Michael Milken in the late 1980s

[Thomas Maxwell @thomasrmaxx]

@BoringBiz_ what is this monstrosity

[Thomas Maxwell @thomasrmaxx]

@AAGresearch that’s not their auditor

[Thomas Maxwell @thomasrmaxx]

@MartinShkreli Days Sales Outstanding

[Peter Schiff @PeterSchiff]

https://t.co/MN8nEK53KD

[Thomas Maxwell @thomasrmaxx]

@SpencerHakimian clickbait

[Thomas Maxwell @thomasrmaxx]

@donnelly_brent doesnt reflect any serious voter intention. it’s a gambling app

[Spencer Hakimian @SpencerHakimian]

Credit losses are beginning to pile up at banks.

You know what comes next right?

[Thomas Maxwell @thomasrmaxx]

@SpencerHakimian ok this is just clickbait